Smoking is slowly depleting your bank account

I just read an article on Forbes.com and it says that people in Delaware are losing the most money on smoking. A pack of smokes in Delaware costs a little over $5 bucks and individuals are smoking 185 packs a year. That equates to just about $1,000 a year per person. Now what you may not know is not only are smokers depleting their bank accounts but they are also hurting non-smokers due to second hand smoke. In most states, quitting smoking would save about $300 a year not including the increased health care and insurance costs.

Let’s take a look at some statistics on how much money you will save if you stop smoking today.

If you are a two-pack-a-day smoker, you will save:

$4380 ($3285) in a year
$43,800 ($32850) in ten years
$$219,000 ($164,250) in fifty years

If you are a pack-a-day smoker, you will save:

$2190 ($1642.50) in a year
$21,900 ($16425) in ten years
$109, 500 ($82,125) in fifty years

If you are a half-a-pack-a-day smoker, you will save:

$1095 ($821.25) in a year
$10,950 ($8,212.50) in ten years
$54,750 ($41,062) in fifty years

If you are a three-cigarettes-a-day smoker, you will save:

$330 ($247.5) in a year
$3,300 ($2,475) in ten years
$16,500 ($12,375) in fifty years

That’s a lot of money not to mention what it could be if you were to invest that money. You would have enough money to buy a nice car, take a fabulous trip or even put a down payment on a beautiful house.

Check out this calculator to calculate in real-time how much you could save.